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Sunday, September 30, 2018

Musk out as Tesla chair, remains CEO in $40M SEC settlement


Musk out as Tesla chair, remains CEO in $40M SEC settlement



Tesla and its CEO Elon Musk have agreed to pay a total of $40 million and make a series of concessions to settle a government lawsuit alleging Musk duped investors with misleading statements about a proposed buyout of the company.

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Driving test wait time target will not be met until autumn next year

The Transport Secretary had been aiming to reduce the backlog to seven weeks by this autumn. from BBC News https://ift.tt/YCz1rEp